Magnolia Oil & Gas Corp (MGY)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,315,890 | 1,226,980 | 1,694,490 | 1,078,350 | 541,303 |
| Receivables | US$ in thousands | 147,901 | 189,705 | 170,770 | 149,769 | 81,559 |
| Receivables turnover | 8.90 | 6.47 | 9.92 | 7.20 | 6.64 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,315,890K ÷ $147,901K
= 8.90
The receivables turnover for Magnolia Oil & Gas Corp has shown fluctuations over the past five years. The turnover ratio measures how efficiently the company is able to collect payments from its customers.
In 2020, the receivables turnover stood at 6.64, indicating that on average, the company collected payments approximately 6.64 times during the year. Subsequently, in 2021, the turnover ratio increased to 7.20, suggesting an improvement in the collection efficiency.
A significant increase was observed in 2022, with the receivables turnover reaching 9.92. This surge indicates that the company was more effective in collecting payments from customers during that year. However, in 2023, there was a decline in the turnover ratio to 6.47, which could imply a slowdown in receivables collection.
The most recent data from 2024 shows a recovery in the receivables turnover to 8.90, indicating that the company improved its collection efficiency once again during that period.
Overall, while there have been fluctuations in the receivables turnover for Magnolia Oil & Gas Corp over the past five years, the company has generally maintained a reasonable level of efficiency in collecting payments from its customers. Tendencies towards higher turnover ratios suggest improved collection practices, whereas lower ratios may indicate challenges in collecting outstanding receivables.
Peer comparison
Dec 31, 2024